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International Trade and Net Investment: Theory and Evidence

Bretschger, Lucas; Valente, Simone - 2011

The theory of welfare accounting shows that comprehensive measures of net investment can be used to test whether an …

Persistent link: https://www.econbiz.de/10011753208

Controlling externalities in the presence of rent seeking

MacKenzie, Ian A. - 2009

Contests are a common method to describe the distribution of many different types of rents. Yet in many of these situations the utilisation of the prize plays an important role in determining agents payoffs and incentives. In this paper, we investigate the incentives to expend effort for a prize...

Persistent link: https://www.econbiz.de/10011753175

Resource Wealth, Innovation and Growth in the Global Economy

Peretto, Pietro F.; Valente, Simone - 2010

(lower) resource income, lower (higher) employment in the resource-intensive sector, higher (lower) knowledge creation and …

Persistent link: https://www.econbiz.de/10011753188

How Substitutable is Natural Capital?

Markandya, Anil; Pedroso, S. - 2005

One of the recurring themes in the sustainability literature has been the legitimacy of using an economic framework to account for natural resources. This paper examines the potential for substituting between different inputs in the generation of income, where the inputs include natural...

Persistent link: https://www.econbiz.de/10010312424

Spending Natural Resource Revenues in an Altruistic Growth Model

Hermann Frederiksen, Elisabeth - 2006

This paper examines how revenues from a natural resource interact with growth and welfare in an overlapping generations model with altruism. The revenues are allocated between public productive services and direct transfers to members of society by spending policies. We analyze how these...

Persistent link: https://www.econbiz.de/10010320923

Institutions and the resource curse

Mehlum, Halvor; Moene, Kalle; Torvik, Ragnar - 2002

this theory building on Sachs and Warner.s influential works on the resource curse. Our main hypothesis: that institutions …

Persistent link: https://www.econbiz.de/10010284346

Complementarity, impatience, and the resilience of natural-dependent economies

Quaas, Martin F.; van Soest, Daan; Baumgärtner, Stefan - 2011

We study how human preferences affect the resilience of economies that depend on more than one type of natural resources. In particular, we analyze whether the degree of substitutability of natural resources in consumer needs may give rise to multiple steady states and path dependence even when...

Persistent link: https://www.econbiz.de/10010286617

Natural resources: Curse or blessing?

van der Ploeg, Frederick - 2010

Are natural resources a 'curse' or a 'blessing'? The empirical evidence suggests either outcome is possible. The paper surveys a variety of hypotheses and supporting evidence for why some countries benefit and others lose from the presence of natural resources. These include that a resource...

Persistent link: https://www.econbiz.de/10010270490

Intergenerational Transfers, Lifetime Welfare and Resource Preservation

Valente, Simone - 2006

This paper analyzes overlapping-generations models where natural capital is owned by selfish agents. Transfers in favor of young agents reduce the rate of depletion and increase output growth. It is shown that intergenerational transfers may be preferred to laissez-faire by an indefinite...

Persistent link: https://www.econbiz.de/10011753120

Non-pecuniary Value of Employment and Natural Resource Extinction

Farzin, Y. Hossein; Akao, Ken-Ichi - 2006

We assume that people value employment not only to earn income to satisfy their consumption needs but also as a means … incentive can encourage full employment harvesting resources and explain why poor resource-based communities may exhaust a … communities could sustain their natural resources by using outside-the-community employment and economic diversification, but, to …

Persistent link: https://www.econbiz.de/10010312372

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